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General Discussion

In reply to the discussion: Do you like haggling? [View all]

MineralMan

(151,387 posts)
10. Well, MiL is still alive and doing fine.
Wed May 20, 2015, 12:00 PM
May 2015

She needs the proceeds from the sale down the road to cover what her retirement income doesn't for the assisted living place where she now lives. Her old townhome has been re-carpeted and repainted and is just about in perfect shape. We have a number of interested parties, but haven't yet completed a purchase agreement, for one reason or another. I expect that to be done this week.

There aren't really any serious issues among family members, and my wife's mother is leaving all the negotiations to my wife and I, with the blessings of her two sisters. We're here and we're taking care of all the details, from emptying the house (what a chore that was) to choosing carpet and paint colors (I did that, and it all looks terrific). Our real estate agent is doing a good job, too.

It has still taken far more time and effort than I expected. Lots more than went into selling our own house in California and buying the one here in Minnesota. Those two transactions were done without haggling. Our buyer made a simple full-price offer when we sold, and we did the same when we bought here. We didn't even use a real estate agent when selling our house in California, but had to here, since the seller had one.

When we put the CA house on the market, I set a price that was fair and represented it's actual value. I created a web page for the house, and advertised in the local paper with the URL. I showed the house myself, held the open house myself, and even invited one prospective buyer (a couple) over for a dinner I prepared. They're the ones who ended up with the house. I did all of the necessary fix-up work and disclosed all of the place's flaws (there were many) to all prospective buyers. The couple that bought it didn't like the tub and shower enclosure, so I said, OK, and installed one of their choice during the escrow period. That was about it for issues.

One realtor came by after I'd advertised the house and said, "You'll never be able to sell this dump without a realtor." I replied, "Yah, OK, seeya." One week later, we had three offers at the asking price and the sale closed within 30 days. So much for her advice. We arranged to rent the house for two weeks after closing, so I could load everything into the big UHaul truck I bought used from UHaul and take off for Minnesota. We still exchange Christmas cards with that couple, who are still happy with their little cottage in California.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Do you like haggling? [View all] Algernon Moncrieff May 2015 OP
Maybe it's a cultural thing--I'm not comfortable with it, but other people are. TwilightGardener May 2015 #1
I hate to haggle. Just give me your lowest price and if I want it for that price B Calm May 2015 #2
I'm not much of a haggler. I can do it, and have, MineralMan May 2015 #3
Selling family real estate is thankless under the best of circumstances Algernon Moncrieff May 2015 #5
Well, MiL is still alive and doing fine. MineralMan May 2015 #10
I hate it with the fire of a thousand suns... TreasonousBastard May 2015 #4
A good deal is where both parties walk away thinking they got the better end of it.. Fumesucker May 2015 #16
I voted yes, although I rarely do it, but... JaneyVee May 2015 #6
I don't like it but I will do it for something that matters... Phentex May 2015 #7
It's a good way to lose my business. nt bemildred May 2015 #8
No bigwillq May 2015 #9
Give me a good reason why I should vote in your poll. bluedigger May 2015 #11
It will only cost you a moment, and you will have the pride of getting your vote registered jberryhill May 2015 #12
Let me talk to my manager and see what I can do Algernon Moncrieff May 2015 #14
I can't stand it. NCTraveler May 2015 #13
I grew up in a haggling environment so it comes naturally to me Fumesucker May 2015 #15
Hate it - but I hang out KT2000 May 2015 #17
haggling = your product is crap but I am willing to lower my standards for a lower price. msongs May 2015 #18
"fair" "fixed" price, eh? RadiationTherapy May 2015 #19
The prevaiing price, or a price that internet research shows as reasonable. Algernon Moncrieff May 2015 #20
I really don't like to haggle. madokie May 2015 #21
no. i know people who do. i do not. if the price is not where i want, or what i think it seabeyond May 2015 #22
No. I know what price I'm willing to pay. dawg May 2015 #23
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